If demand for local onion increases Durning Eid (in future)  what changes do you see in the above diagram? Will the supply curve be affected or the demand curve for local onion.

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Q: What is the demand curve? Why does it slope downward?

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Q: Plot the supply curve from the supply schedule information provided. Price Quantity Supply (Q, ) 1 3…

A: Supply curve can illustrate as follows: In the figure, horizontal axis represents quantity and…

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Q: If demand for local onion increases during Eid (in future) what changes do you see in the above…

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A: To find : What is the percentage change in price.

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Q: The price of milk has increased. What change will be take place in  the supply curve of chocolate?

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